Franklin Resources shares are trading higher after BMO assumed coverage of the stock with a Market Perform rating but raised its price target to $24.
Portfolio Pulse from Benzinga Newsdesk
Franklin Resources' stock is trading higher following BMO's assumption of coverage with a Market Perform rating and a raised price target of $24.
July 10, 2023 | 6:43 pm
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POSITIVE IMPACT
Franklin Resources' shares are trading higher after BMO assumed coverage with a Market Perform rating and raised its price target to $24.
The news of BMO assuming coverage of Franklin Resources with a Market Perform rating and a raised price target is positive for the company. This indicates that BMO sees potential in the company's stock, which is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100